Sheng Siong Group Ltd

Broker's Calls

Citi upgrades Sheng Siong's TP to $1.74 as it sees better 2HFY2024 margins

Analyst Chong Zhou has upgraded the group’s gross profit margin assumption to 30.3% for FY2024.

Broker's Calls

Rising cost of living has UOBKH keeping its 'buy' call on Sheng Siong Group, after 1QFY2024 results meet expectations

The group’s revenue and earnings of $376m and $36m come from higher comparable same-store sales in Singapore and China.

Broker's Calls

DBS upgrades Sheng Siong to 'buy' on 'attractive industry dynamics and reasonable valuation'

The group is also deemed as a defensive hedge against a potential recession.

Results

Sheng Siong reports 54.4% surge in 3Q earnings to $31.8 mil on elevated demand arising from Covid-19

For the 9MFY2020, the group reported an 82.6% surge in earnings of $106.6 million.
Singapore's economic reopening isn't boosting its equity benchmark - THE EDGE SINGAPORE

Singapore economy

Singapore's economic reopening isn't boosting its equity benchmark

Singapore’s emergence from the Covid-19 shock is gathering pace, but that isn’t boosting the nation’s equity benchmark.
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